Author

admin

Browsing

European Commission President Ursula von der Leyen survived a no-confidence vote in the European Parliament on Thursday, brought by mainly far-right lawmakers who alleged she and her team undermined trust in the EU through unlawful actions. As expected, the motion failed to get the two-thirds majority it needed to pass. Only 175 members of parliament backed the motion, while 360 voted against and 18 abstained. Romanian nationalist Gheorghe Piperea, the lead sponsor of the motion, had criticized among other things the Commission’s refusal to disclose text messages between von der Leyen and the chief executive of vaccine maker Pfizer during the COVID-19 pandemic. “The decision-making has become opaque and discretionary, and raises fears of abuse and corruption. The cost of obsessive bureaucracy of the European Union such as (tackling) climate change has been a huge one,” Piperea told the parliament on Monday. During the debate on her leadership, von der…

The words “Get out of Mexico” are still visible on one shop window as protestors violently kicked in the glass pane. In another clip, “Kill a gringo” is spray-painted on a wall in Mexico City as demonstrators carried placards demanding western foreigners “stop stealing our home.” These were some of the striking scenes at a mass protest last week against gentrification and the rising cost of living in the Mexican capital city, which some have blamed on an influx of foreigners from the United States and Europe. While the demonstration was largely peaceful and reflected growing anger about inequality in the Mexican capital, those who vandalized stores in the city’s wealthier neighborhoods and used anti-immigration language were criticized by Mexican President Claudia Sheinbaum as being xenophobic. “No to discrimination, no to racism, no to classism, no to xenophobia, no to machismo, no to discrimination. All human beings, men and women,…

Over a number of years working for a large money manager with a rich history of stock picking, I became more and more enamored with the benefits of scanning for constructive price charts regardless of the broad market conditions.  Earlier in my career, as I was first learning technical analysis, I devoured work by stock picking guru Mike Webster and other William O’Neil disciples who advocated for finding strong charts in any market environment. Given that background, I was super excited this week to apply a true stock picker’s mindset, with the goal of identifying one compelling chart in each of ten S&P 500 sectors.  From Communication Services to Utilities, there are plenty of interesting technical setups and nuances to discuss.  And if you’re wondering why there are only ten charts instead of 11, that’s because I skipped Real Estate.  It’s a smaller sector, which I tend to think of…

Investing in triple-leveraged ETFs may not be on your radar. But that may change after you watch this video.  Tom Bowley of EarningsBeats shares how he uses the 3x leveraged ETFs to take advantage of high probability upside moves. Tom shows charts of 3x leveraged ETFs that mirror their benchmark — TNA (Russell 2000), SOXL (Semiconductors), and LABU (Biotech), and maps out how you can use the setups in these charts to multiply your returns.  With money rotating heavily into growth stocks, investors should be looking for opportunities. Tom shares charts of indexes, sectors, and individual stocks/ETFs that are displaying technical strength and strong accumulation patterns.  Ready to multiply your returns while the market’s moving higher? Watch Tom chart out the trades he’s making today.  This video was published on July 10. Click this link to watch on Tom’s dedicated page.  Missed a session? Archived videos from Tom are available…

What’s “Froot Loops” in Italian? The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American cereals, for $3.1 billion. The acquisition is set to bring the publicly traded maker of Froot Loops, Frosted Flakes and Rice Krispies under the privately owned Italian manufacturer of Nutella, Tic Tac and Kinder chocolates. WK Kellogg, based in Battle Creek, Michigan, was spun off from Kellogg’s in 2023, splitting the company’s North American cereal business from its other snack products like Pringles and Pop-Tarts, a unit that is now owned by the publicly traded conglomerate Kellanova. WK Kellogg, one of North America’s largest cereal makers, saw its shares surge more than 30% Thursday on the news of the deal. The agreement comes after years of slowing demand for sugary breakfast cereals as many consumers look for healthier options. WK Kellogg came under fire last year when CEO…

President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about a pricey and “ostentatious” renovation of the central bank’s headquarters. The broadside by Office of Management and Budget Director Russell Vought opened up a new front in Trump’s war of words against Powell. Trump has repeatedly called on the Fed chairman to cut interest rates, without success. He reportedly has considered firing Powell and, more recently, publicly naming the chairman’s replacement months earlier than the end of Powell’s term next spring. Vought’s letter raises the question of whether Trump will seek to remove Powell for cause, at least ostensibly. But the Supreme Court in a recent decision strongly suggested that Federal Reserve board members have special protection from being fired by a president. “While continuing to run a deficit since FY23 (the first time…

     New Expansion Hole Intersects    279    Metres Averaging    0.49    % Cu         Nine Drill Rigs Now Active on Site      Osisko Metals Incorporated (the ‘ Company or ‘ Osisko Metals ‘) ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.    Osisko Metals Chief Executive Officer Robert Wares commented: ‘Today’s new results continue to confirm the large-scale potential of mineralization at Gaspé Copper. Expansion hole 30-1090 in particular has intersected a significant mineralized width, underscoring the excellent prospects for increasing the size of the known deposit towards the south. The program is advancing well, with a ninth drill rig added recently to accelerate the definition and expansion program.’   Significant new analytical results are presented below and include 25 mineralized intercepts…

US President Donald Trump said Tuesday (July 8) that he plans to impose a 50 percent tariff on all copper imports, a dramatic escalation of his administration’s use of targeted trade restrictions on national security grounds. “I believe the tariff on copper, we’re going to make 50 percent,” Trump said during a White House cabinet meeting. Though he did not provide a timeline, Commerce Secretary Howard Lutnick said in a subsequent CNBC interview that the tariff could take effect by late July or as early as August 1, with details to be posted on Trump’s Truth Social account. The announcement triggered immediate market reaction. According to Reuters, copper futures for September delivery surged 13 percent on the day, closing at US$5.6855 per pound—its biggest single-day jump since 1989. Traders cited fears of a supply crunch and price volatility as buyers scrambled to secure US-bound shipments ahead of the tariff implementation.…

Rescuers pulled six crew members alive from the Red Sea after Houthi militants attacked and sank a second ship this week, while the fate of another 15 was unknown after the Iran-aligned group said they held some of the seafarers. The Houthis claimed responsibility for the assault that maritime officials say killed four of the 25 people aboard the Eternity C before the rest abandoned the cargo ship. Eternity C went down Wednesday morning after attacks on two previous days, sources at security companies involved in a rescue operation said. The six rescued seafarers spent more than 24 hours in the water, those firms said. The United States Mission in Yemen accused the Houthis of kidnapping many surviving crew members from Eternity C and called for their immediate and unconditional safe release. “The Yemeni Navy responded to rescue a number of the ship’s crew, provide them with medical care, and…

Australian universities may lose funding if they’re not judged to be doing enough to address anti-Jewish hate crimes, according to new measures proposed by the country’s first antisemitism envoy. Jillian Segal was appointed to the role a year ago in response to a surge in reports of attacks against Jewish sites and property in Australia, following Israel’s invasion of Gaza, and was tasked with combating antisemitism in the country. Standing alongside Prime Minister Anthony Albanese Thursday, Segal released a report nine months in the making proposing strong measures, including the university funding threats and the screening of visa applicants for extremist views. “The plan is not about special treatment for one community; it is about restoring equal treatment,” Segal said. “It’s about ensuring that every Australian, regardless of their background or belief, can live, work, learn and prosper in this country.” Like in the United States, Australian campuses were once…